PLS's future, will it survive until the tide turns?, page-3

I've been attacked for it too.

Had support for it but the debt at 12% is a massive issue. They only ever sold to China or South Korea ignoring where most electric cars are made and that is in Europe.

Lithium and spod prices are in free fall in recent months. All lithium and spod companies copping a pounding.

When the big lithium and spod miners stop adding new mines due to the price of getting it out making it not worth it and while

PLS kept on spending in a downturn due to over supply which creates a problem.

A40 was a warning to the market. It might yet be saved by Alex Turnbull but not PLS. Simply to much debt.

Posco has been doing deals with other players to get their ore from which was another warning of bad news to come.

PLS no longer has any sales. Goodnight PLS.

I posted on Thursday night I could see PLS dropping on gloomy news on Friday and next week down to 37c and was condemed by the deniers in here. Now I see it falling far further next week as bad news on PLS gets reported in the news media.

Next week may well get as low as 32c or lower. The following week into the 20c range we go and the ones still supporting may start to wise up but then again.

Time to bail. Can always come back to lithium companies when the upturn takes place but just like iron ore the smaller players went out of business and the bigger boys take over. Its market forces at play.

The world is heading for a recession and they take years to get out of. The last GFC took 10 years and still not out of the mess all those years ago. Wages are stuck and companies still going out of business at a fast rate.